The expectation for a rate cut by the Federal Reserve in October is strong, with several institutions predicting another rate cut in December

ChainCatcher news, according to Jinshi reports, multiple institutions have reached a consensus on the Federal Reserve's interest rate cut expectations. Bank of America expects the Federal Reserve to cut rates by 25 basis points in October and is the only major brokerage predicting only one rate cut this year. Citigroup, Wells Fargo, JPMorgan Chase, and others all predict a 25 basis point cut in October, followed by another 25 basis point cut in December. Goldman Sachs believes there is a high possibility of a rate cut in December and predicts two rate cuts in 2026.